Harris' group became involved after a sale agreement with a group headed by Andrew Barroway expired last month without being completed, according to the report. A source told The Record that Barroway was to incrementally invest more cash in the team until a sale with current owner Jeff Vanderbeek was completed. Under that arrangement, Vanderbeek would keep a minority stake with the percentage to be determined.

Barroway, whose group has already loaned the Devils $30 million, is still involved in trying to buy the team, according to the report. He has gone as far as making arrangements with the NHL and banks, according to the report.

No deal is imminent, however, and there is no set timetable to complete the sale, the report notes. The team will remain in Newark regardless of who gets the team, according to the report.

The Devils seemingly have had financial problems for most of Vanderbeek's run as the team's majority owner. He became sole owner in December after buying out his partners.

In a twist of irony, Barroway was part of a group that made a failed bid to buy the 76ers before Harris' group eventually bought the NBA team from Comcast Spectator, the Record notes.